NOVA SCOTIA

Halifax Logistics Park

Nova Scotia Business Inc. (NSBI)

We are…• Nova Scotia’s business development agency• An arms-length provincial government organization• Business people with private sector experience• Governed by a private sector board of directors

What do we do?

• Attract foreign investment• Work with Nova Scotia companies to:

– Explore new markets– Help them sell goods and services abroad– Identify business partnership opportunities– Provide venture capital– Provide business financing

• Work with partners to grow and sustain businesses and key sectors within the province

• Fastest growing economy in the G-7

• Financial system that is the envy of the world

• The highest proportion of engineers in the G-8

• The lowest statutory payroll costs in the G-7

Canada – Strong Economy

• Best overall quality of life in the G-7

• Safest place to live

• Multicultural - first among G-7 for equal opportunity

• Progressive immigration laws

Canada – Quality of Life

Canada – Best Country for Business

Top Ten Countries to Conduct Business in 2011

10th

9th

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7th

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5th

4th

3rd

2nd

1st

Ran

kCanada was ranked # 1in Forbes’ latest annual study on the Best Countries for Business, up from 4th place last year

Canada ranked in the top ten in 7 of the 11 criteria used in the study, most notably personal freedom (1st); degree of red tape involved in starting a business (3rd); investor protection (5th) and low corruption (6th).

*Standing among 134 countries. Rankings based on the following eleven categories of quantitative and qualitative indicators: trade freedom, monetary freedom, property rights, innovation, technology, red tape, investor protection, corruption, personal freedom tax burden and market performance. Source: Forbes Publishing, October 2011

Population:Nova Scotia: 1 millionHalifax: 400,000 Sydney: 100,000 Atlantic Canada: 2.2 million

Nova Scotia

Nova Scotia – Then

Nova Scotia – Now

Knowledge Economy 10 Universities 13 Community Colleges

Great Things Are Happening

Churchill Falls Project

Deep Panuke Project

Top City of the FutureHalifax #2 out of 405 cities.Source: fDi Magazine

Key Growth Sectors

• Logistics• Aerospace, Security, and Defense• Financial Services• ICT• Digital Media• BPO / KPO• Life Sciences / Ocean Tech / Clean Tech

Why Nova Scotia?

• Skilled & Experienced Workforce– Military Retirees– 10 universities / 13 community

college campuses– Nova Scotia has more university

students per capita than any other province in Canada

• Cost-competitive– Operational costs in Halifax are on

average 7.3% less than in the US

Why Nova Scotia?

• Strategic Location– Accessible – Time Zone (Atlantic Time)– Proximity to North American markets

• Accessible – Major ports– Award-winning international airport

• US pre-clearance

• Quality of Life– Affordable cost of living– Loyal employees

• Client-focused– Collaboration for client success

Provincial Programs

• Main Incentives– TKT incentive for training and knowledge transfer costs– Rebates toward the cost of:

• technologically-advanced machinery • clean technology • manufacturing equipment • software and hardware (20% a year)

– Payroll rebates – Nova Scotia Jobs Fund

Federal Programs

• Atlantic Innovation Fund (AIF) via the Atlantic Canadian Opportunities Agency (ACOA)

• Export Development Canada Programs

• Foreign Trade Zone– Duty Deferral Program– Export Distribution Centre Program– Exporters of Processing Services Program

Industry, Government & Academia – Working Together

• Premier’s Office• Government (Federal / Provincial /

Municipal)• Nova Scotia Business Inc.• Post-secondary Institutions• Industry Associations• Business Community

Team Nova Scoti

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A Great Place to Live